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Holiday Home Security & This Week In Vienna – Oakton Real Estate

The Holiday Season is a wonderful time of year. It can be a great time to buy or sell a home. It’s definitely a great time for for gratitude, reflection & celebration.(Here at The Belt Team, we are grateful that we have been able to help more than 100 families so far this year.) And oftentimes it’s a great time to travel.

As we enter the Holiday Season, we’d like to remind you to keep your home safe while you are away- especially in light of all the “new” ways we are in communication with one another.

Here are some tips:

(1) Be careful with your status updates on Twitter, Facebook, etc. Don’t be too specific. For example: “Can’t wait to see Grandma & Grandpa” might be better than “Leaving for Ohio in 2 hours. Back on Sunday.”

(2) If you still have a newspaper delivered instead of reading online, make sure you suspend delivery.

(3) Take advantage of the “nosy neighbors” you have (assuming you trust them!). Ask him or her to keep an eye out while you are away. Make sure they know how to reach you in case of an emergency.

(4) Think twice about setting up an auto-responder or voice mail message that says you are out of town – especially if you work from a home office. A better idea might be to just say you are not checking messages until a certain date (as if you’re taking a “Stay-Cation”.)

(8) Don’t publish your physical address or personal information on your social media profiles on LinkedIn, Facebook, etc. It’s amazing how many people advertise their birthdate, home address and more – just because the site asked you to fill it in when you set up your account. It’s not just children who do this, but many adults who are new to the world of social media are guilty of this as well. Even if your site is “friend-protected”, you’d be surprised at what web-savvy folks can find out. Be discreet!

(9) You can always employ the tactics of Kevin McAllister in “Home Alone”!

Now – for our local readers (or those who want to move here!) – what has happened in the last week in Vienna & Oakton?

Inventory in Vienna & Oakton continues to drop. There are currently only 134 homes for sale in Vienna and 68 homes for sale in Oakton.

With less than 3 months of housing supply, we remain in a Seller’s Market.

19 homes went under contract in the past week and 42% of those homes sold in less than 10 days.

Of the homes that went under contract, 21% were listed over $1,000,000 – 42% were listed between $700,000-$900,000; and 37% were listed under $700,000

BUYERS: We have been publishing statistics for Vienna & Oakton on a weekly basis for over 3 years now. In all of that time, Vienna has NEVER been in a Buyer’s Market and Oakton has only trended that way for 3 weeks in 2010. This is just another reason why you need to make sure you are working with a Realtor as your advocate. And not just any Realtor, but a Realtor whose skill set benefits YOU. (You may want to read this article that points out what a Buyer should look for in a Realtor.)

If you’re thinking of buying or selling a home soon, you can email The Belt Team (or call us at 703-242-3975) to schedule a Buyer or Seller consultation, to request a FREE WRITTEN REPORT of your home’s value or to be put on our FREE PRIORITY NOTIFICATION LIST for special buying opportunities that are not in the MLS or on the Internet.

For our detail-oriented readers, here are last week’s stats:

Last week in Vienna Real Estate (22180,22181, 22182):

Number of Contracts: 15

Average Days on Market for Active Listings: 133 days

Average Days on Market for Listings That Went Under Contract: 58 days

Inventory: 134 homes on the market

Number of Months Supply of Homes (Based on past 90 day contract rate):2.1 months

Number of Months Supply of Homes (Based on past 30 day contract rate): 2.3 months

Here are last weeks stats for Oakton Real Estate (22124):

Number of Contracts: 4

Average Days on Market for Active Listings: 110 days

Average Days on Market for Listings That Went Under Contract: 14

Inventory: 62 homes on the market

Number of Months Supply of Homes (Based on past 90 day contract rate): 2.7 months

Number of Months Supply of Homes (Based on past 30 day contract rate): 2.3 months

If youre thinking of buying or selling a home, Contact The Belt Team at (703) 242-3975 for a more in-depth discussion & analysis – because its only the neighborhood YOU live in (or you WANT to live in) that matters. We’ll be happy to schedule a consultation and get very detailed about “YOUR Market” so that you can make the decision that is best for YOU!